Japanese conglomerate Toshiba Corp has been called upon by its second largest shareholder to conduct a strategic review and explicitly solicit suitors and said that the comments of the company of it wanting to remain listed were deterring potential acquirers.   These comments were made by...

The global shortage of semiconductors used in the auto industry will potentially force the German auto major Volkswagen AG to curb production as the company warned its managers to get ready for a larger production hit in the second quarter compared to what was faced in the first quarter, claimed a...

An electrical issue has grounded 106 Boeing 737 Max airplanes throughout the world, said the United States Federal Aviation Administration (FAA). The US regulator added that Boeing is still working to try to fix the issue.   On April 7, an electrical power system issue was disclosed by the...

Following reports in Spain about the government there potentially blocking the sale of the Spanish unit ITP Aero of the British engineering company Rolls-Royce, the firm has confirmed that it was in constructive talks with Spanish authorities about the deal.   The sale of turbine blade-maker...

A multi-billion dollar hit from the collapse of the United States based investment fund Archegos negated the profits made by Credit Suisse from its trading business during the first quarter as the bank reported a 757 million Swiss franc pre-tax loss for the period which was slightly smaller than...

The United States based electric car maker Tesla is facing a social media storm in China as regulators and the state media also joining in the fray after an unhappy Tesla customer clambered showed her protest over the company's handling of her complaints by climbing atop a Tesla car at the auto...

Even after restarting of production at its fire ravaged unit on Sunday, the Japanese firm Renesas Electronics Corp, which is also a major supplier of automotive semiconductors for the global auto industry, said that it is trying to recoup all lost production capability at the factory that was...

The Facebook owned social media platform Instagram will be using a filtering mechanism on the platform that will filter offensive words, phrases and emojis on the photo-sharing app so as to prevent its users from viewing possibly abusive messages.   The new filter option for abusive direct...

If tech giants such as Google, Apple and Alibaba decide to launch their own electric vehicles, the German auto maker Daimler will face stiff opposition from these new entrants, believes Daimler’s chief executive.   With the race for electric vehicles heats up globally, there have been...

The Japanese auto company that is under financial strain, Nissan Motor Co, will be showcasing a new "must-succeed" car while also detailing its strategy for electric cars in the Chinese market at the Shanghai auto show slated to begin on Monday, said reports quoting company officials.   The...

The German luxury auto maker Daimler reported better than expected profits for the first quarter because of increase in demand for luxury Mercedes-Benz form Chinese consumers as well as higher prices for the cars which helped the company to offset the lump because of the Covid-19 pandemic.  ...